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Facing the fiscal cliff

House Speaker John Boehner of Ohio arrives on Capitol Hill in Washington on Jan. 1 as legislation to negate a fiscal cliff of across-the-board tax increases and sweeping spending cuts moves to the GOP-dominated House following a bipartisan, middle-of-the-night approval in the Senate. Boehner is expected to encounter opposition from conservatives within his own party.

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Facing the fiscal cliff

House Speaker John Boehner of Ohio arrives on Capitol Hill in Washington on Jan. 1 as legislation to negate a fiscal cliff of across-the-board tax increases and sweeping spending cuts moves to the GOP-dominated House following a bipartisan, middle-of-the-night approval in the Senate. Boehner is expected to encounter opposition from conservatives within his own party. Jacquelyn Martin, AP

Sen. John Barrasso, left, R-Wyo., talks with Sen. Brian Schatz, D-Hawaii, who holds up his watch, near the Senate chambers after a vote on the fiscal cliff on Jan. 1. The Senate passed legislation early New Year's Day to neutralize a fiscal cliff combination of across-the-board tax increases and spending cuts that kicked in at midnight. Alex Brandon, AP

Sen. Kay Bailey Hutchison, R-Texas, and Senate Minority Whip Jon Kyl, R-Ariz., talk outside Kyl's office on Dec. 31 on Capitol Hill in Washington. Hours past a self-imposed deadline for action, the Senate passed legislation
early New Year’s Day to neutralize a fiscal cliff combination of
across-the-board tax increases and spending cuts that kicked in at midnight. Senate passage set the stage for a final showdown in the House. Drew Angerer, Getty Images

President Obama delivers remarks about the fiscal cliff negotiations in the Eisenhower Executive Office Building. The president said he was hopeful Congress could reach an agreement and avert the fiscal cliff. Chip Somodevilla, Getty Images

A statue of George Washington stands in the Rotunda at the Capitol as Congress works Dec. 30 to hammer out a spending agreement to avoid the fiscal cliff, a series of automatic tax increases and deep spending cuts. J. Scott Applewhite, AP